Quantbot Technologies LP Buys Shares of 116,051 Ally Financial Inc. (NYSE:ALLY)

Quantbot Technologies LP purchased a new position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 116,051 shares of the financial services provider's stock, valued at approximately $4,130,000.

A number of other large investors have also bought and sold shares of ALLY. Dimensional Fund Advisors LP grew its holdings in shares of Ally Financial by 11.3% in the second quarter. Dimensional Fund Advisors LP now owns 9,697,795 shares of the financial services provider's stock worth $384,715,000 after purchasing an additional 987,489 shares during the last quarter. Boston Partners bought a new stake in Ally Financial in the 1st quarter worth $152,079,000. Bank of New York Mellon Corp increased its position in shares of Ally Financial by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 3,697,251 shares of the financial services provider's stock valued at $146,670,000 after acquiring an additional 31,491 shares during the period. Jennison Associates LLC raised its stake in shares of Ally Financial by 4.7% during the third quarter. Jennison Associates LLC now owns 1,672,812 shares of the financial services provider's stock valued at $59,535,000 after acquiring an additional 75,080 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of Ally Financial by 7.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,615,663 shares of the financial services provider's stock worth $57,501,000 after purchasing an additional 109,677 shares during the period. 88.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ALLY. TD Cowen lowered their price target on Ally Financial from $45.00 to $37.00 and set a "hold" rating for the company in a research report on Monday, September 23rd. BTIG Research downgraded Ally Financial from a "buy" rating to a "neutral" rating in a report on Monday, September 16th. Wells Fargo & Company cut their price target on shares of Ally Financial from $37.00 to $32.00 and set an "underweight" rating on the stock in a report on Thursday, September 26th. Evercore ISI decreased their price objective on shares of Ally Financial from $47.00 to $38.00 and set an "in-line" rating for the company in a report on Monday, October 7th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $40.00 target price on shares of Ally Financial in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $40.69.

Ally Financial Stock Up 0.2 %

NYSE:ALLY traded up $0.07 during trading hours on Wednesday, reaching $39.49. 2,939,570 shares of the company traded hands, compared to its average volume of 3,477,013. Ally Financial Inc. has a 1 year low of $26.50 and a 1 year high of $45.46. The stock has a market capitalization of $12.03 billion, a P/E ratio of 15.80, a P/E/G ratio of 0.46 and a beta of 1.40. The business's 50-day moving average price is $35.70 and its two-hundred day moving average price is $38.65. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36.

Ally Financial (NYSE:ALLY - Get Free Report) last issued its earnings results on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.57 by $0.38. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.03 billion. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The company's revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business posted $0.83 EPS. Analysts predict that Ally Financial Inc. will post 3 earnings per share for the current year.

Ally Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend was Friday, November 1st. Ally Financial's dividend payout ratio is currently 48.00%.

Ally Financial Company Profile

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.